Abstract
This paper proves that the so-called marginal cost curve in the traditional monopoly model is a false image built on some wasteful experimental average cost curve. This paper then reveals the ugly but true picture of monopolists, and proves that they will not be satisfied with such limited economic rent, but rather they plunder for unlimited monopolist profit. This paper concludes with the comment of how the false rent concepts have been abused to kill people and confiscate their properties.
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